Indian Institute of Foreign Trade 2016 Solved Paper

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Directions for questions 58-62: The following 2 bar charts represent revenues and expenses (in thousands) of A Ltd, B Ltd, and C Ltd over a period of five years.

Profit = Revenues - Expenses

Question : 59 of 123

Marks: +1, -0

For which year, the average annual revenue (considering all three companies) was the maximum?

2011
2012
2013
2014

Validate

Solution:

(b) For 2011:

{ 120 + 180 + 150 } /{ 3 } = { 450 }/ { 3 } = 150

For 2012:

{ 165+ 150 + 180 } /{ 3 } = { 495 }/ { 3 } = 165

For 2013:

{ 135 + 165 + 180 }/ { 3 } = { 480 } /{ 3 } = 160

For 2014:

{ 180 + 150 + 135 }/ { 3 } = { 465 }/ { 3 } = 155

So maximum average annual revenue is in the year 2012.

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